ROYALEX to Hold an Emergency Board Meeting on 11th September, 2018

Notice is hereby given that an Emergency Board Meeting
of the above named Company will be held at the Boardroom, Royal Exchange House,
26E, Abdul- Rahaman Okene Close, Victoria Island, Lagos on Tuesday, September
11, 2018 by 1010oam to consider and transact the following business:

Agenda:

1.To receive and consider the update
on the proposed investment in the Company;

Consequently and in accordance with the provisions of
Rule 17.18(b) of The Nigerian Stock Exchange Rule Book (the Rules), the Company
wishes to announce the commencement of a closed period from 30 August 2018
until the decisions taken at the Board meeting are made public.